StockNews.com Initiates Coverage on Empire State Realty OP (NYSE:ESBA)

Analysts at StockNews.com initiated coverage on shares of Empire State Realty OP (NYSE:ESBA) in a note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Empire State Realty OP Price Performance

ESBA opened at $7.02 on Friday. Empire State Realty OP has a 12 month low of $6.39 and a 12 month high of $11.50. The stock has a fifty day moving average price of $8.15 and a 200-day moving average price of $9.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Boston Research & Management Inc. acquired a new stake in Empire State Realty OP in the fourth quarter valued at approximately $109,000. Raymond James Financial Inc. acquired a new stake in shares of Empire State Realty OP in the 4th quarter worth $119,000. Janney Montgomery Scott LLC acquired a new stake in shares of Empire State Realty OP in the 4th quarter worth $138,000. Brighton Jones LLC purchased a new position in Empire State Realty OP during the 4th quarter worth $156,000. Finally, Citadel Advisors LLC increased its position in Empire State Realty OP by 40.0% during the 4th quarter. Citadel Advisors LLC now owns 17,352 shares of the company’s stock valued at $177,000 after buying an additional 4,960 shares in the last quarter.

Empire State Realty OP Company Profile

Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc